As an eligible employee at Banner Health, you have direct access to a variety of voluntary benefit products and services as part of your Total Rewards package. Some of these voluntary benefits offer group discounts, plus the convenience of after-tax payroll deductions. You manage your benefits and can enroll at any time. All policies are portable, which means you can easily transition them from a group to an individual policy with no change in coverage.
Your Voluntary Benefits Include:
Auto/Home Insurance – offering special savings on automobile and homeowners insurance.
Life Insurance – a flexible program that combines life insurance protection with tax-deferred cash value growth, plus living benefit and long-term care options.
Critical Illness with Wellness Benefit – helping bridge the gap between other insurance plans and the expenses they may not pay for a covered critical illness.
Accident Coverage – providing a cash benefit to help pay out-of-pocket expenses associated with a covered accident that your health benefits may not pay (coinsurance, for example) or lost wages.
Discount Purchasing – a convenient buying service for name brand computers, electronics and other equipment.
Pet Insurance – coverage to help pay for many services associated with the care of an exotic pet, or your furry (or feathered friend.
Spring Insurance Group will serve as your liaison. Any questions or concerns related to these programs can be directed to client services at Spring. We will provide guidance and support as well as connect you with additional resources when appropriate.
We are available Monday-Friday, from 8 a.m. – 8 p.m. EST to support your voluntary benefit needs. Our team is available at 1-800-360-1961.
If you currently have voluntary benefits, please log-in to view and manage those benefits.
Universal Life Insurance provides flexible life insurance protection for you and your family members with the the ability to adapt to a lifetime of changes. Universal Life helps provide:
- Security – Life insurance helps protect your loved ones against possible financial hardship in the event of your death.
- Flexibility – You decide how much life insurance you need and have the option to adjust the death benefit and premium payments to fit your changing needs (subject to certain requirements and limitations).
- Tax-Deferred Cash Value Growth – Your policy’s cash value earns interest at the company’s guaranteed interest rate of at least 4% a year (federal income tax deferred).
- Accelerated Death Benefit for Long Term Care rider and Extension of Benefits rider – Allows an insured to take an advance against his or her life insurance death benefit to help pay for care, and extend the benefits if necessary.
You can purchase Universal Life Insurance in an amount equal to 1,2,3,4 or 5 times your annual salary, up to $150,000 (whichever is less).
You also have the option to purchase $25,000 or $50,000 for your spouse/domestic partner and $25,000 for each dependent child (ages 1 through 21).
Evidence of Insurability (EOI) will apply to any Universal Life Insurance amount you elect above the guaranteed issue amount (up to five times annual salary, or $150,000, whichever is less) and to any coverage you purchase for your spouse and/or dependent child.
You may enroll in coverage at any time. EOI will apply, however, if you elect coverage after your initial 30-day enrollment window (regardless of the amount you elect).
Policy form series CPGLDU00 & CCGLDU00
EBD DCBANSPR 0312